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Home My WebLink About0955 . , . ~ SIMPL~ INTEFiESY ; PFf„OMISSORY NOYE ~ ; PROPERTY RELAT~D $ 20,590.18 November 13 19 86 ~ , For value received, the undersigned (~nd if m&r$ than one~ each of therr~ jointly ar~d severally)~ hsreinafter celled ~ Maker, promises to pay to the order of un Ban /Tr~asure Coast Nat onal ~„~hich, together with subsequent INAME OF 6ANK) Aasoc ation ! hoiders of thfs note, are referred to as "6ank") t its office at Ft. Pierce ~ Flo ida, the princi• ~ pal Sum of _'Y`Wenty thousand six hundre~ ninety and --~-----pollars ~ d90. ~S ~ > with inierest from ihe date hereof at the rate of 12 • 50.2~.._96 per annum on the full amoun~$2s~i~i principal sum ~ remaining from time to time unpaid, payable in monthly instailments f • ~ each on the 13th day af each successive month commencing on December ~3 ~ ~g , The Maker promises to pay late charges not to exceed 5°Yo of the amount of any payment or payments in default. All payments m~de hereunder shall be credited first to interest and lawfut charges then accrued and the remain- der tv a~incipai. The Maker has the ~ight tn repay this loan, in whole or in part~ without penalty at any time upon the payment of acerued and past due interest to date of prepayment plus a service fee in the amount of the lesser of $50.04 or 2 percent of the principal amount of this loan (Amount Financed), provided, however. that any partisl prepayment of principai shail be applied to the instaliment o~ instaiiments of principai last maturing F?~rs~n~r, The amounts referred to above have been computetl upon the assumption that al! instatlment ~ayments wiN be ~ made on the respective scheduled due dates, The interest +s computed on the unpaid outstanding principal balance. If ~ any installment is not paid in full on such due date, the mak~r will be obligated to pay such additional amounts as ~ may be~ome payable by reasnn of the continuing accrual of interest at the rate designated above. Any resulting charges accruing on account of failure to make timely payment on the due dates will cause increases in some of the amounts designated above, and such aggregate increase shatl be payable at the time of the last instaltme~t if such charges do not cause the amount of the last installment to exceed twice the amount of the designated monthly € installment, otherwise the resulting charges shall cause the number of payments to be extended, providing. howeve~, ; that no such extended installment payment shall exceed twice the amount of the designated monthly installment. Any installment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the ` amounts desi~nated above for the reason that the unpaid outstanding principal balance wiil be reduced and the ~ interest rate designated above is applied to such reduced outstending balance to determine ihe amouni of interest thai is due. ' - _ If the 8ank deems itself insecure, or upon the happening of any of the following events, each of which shall ` constitute a default hereunder, all liaoilities of each Maker to Bank shall thereupon or thereafter, at the option of i Bank, ~vithout notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean an~ include each Maker, endorser, surety and guarantor of this note) to perfarm any provision of the mortgage securing ~ the repayment hereof, ta pay interest hereon when due, or to pay any other liability whatsaever to Bank when due• (b? the death of any Obligor; (c) the filing of a^ ~~ptition under the Bankruptcy Code, or any similar federal or state statute by or against any Obligor; (d} an application for the appointment of a receiver or the making of a general ~ assignnment for the benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a judgment against any Obligor; (f) the issuing of any writ of attachment or writ of garnishment, or the filing of any lien, against any prop- erty of any Obligor; (g) the taking of possession of a~y substantial part of the property of any Obligor ai the instance af any governmental authority; (h) the dissolution, merger, consolidation or reorganization of any Obligor; or (i1 the assignment by any Maker of any equity in the real property securing this loan without the written consent ~f Bank. In addition to the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in all prop- erty of each Obligor now or at any time hereafter in the possession of 6ank in any capacity whatsoever, including, but not limited to, any balance or share of any deposit, trust, or agent account, as security for the payment of this note, and a similar lien upon and securiiy interest in alJ such praperiy of each Maker as security for the payment of all other liabilities of each Maker to Bank (including all liabilities of each Maker). The Obligors, jointly and severally, promise and agree to pay all costs and expenses of collection and reasonable attorneys' fees, whether incurred in connection with collection, trial, appeal or otherwise. ~ Presentment, demand, protest, notice of dishonnr, and extension of time without not+ce are hereby waived by each and every Obligor. Maker acknov~rledges receipi of a completed copy of this Note and mortga e on the above date. P. 0. Box 927 X ADDFiESS SIG ATUR B. Walters Ft. Pierce, Fla. 33454 ADDRESS SIGNATURE Doc. Stamps in the amount of ~31.05 affixed to mortgage. 6QM end undar - nonb~lloon ~ 3•04540048 N 7/$2 ORIGINAL - Btlnk COpY Y~LLCi'ii -{'•t+iicw~~~ f'!`:K = F0,'^. ' y ~s~=<iiF:3~'#'~~~€~~f - ' 1 (~1 ~ r~ ' ~ ~ {-/~~~__~:-~~t- _ L~Mt f- . . `r ~aJfv~i4l~ ~ _ `a j , i ~ _ , . . - ~ i 9 P 3 :20 ' . _ ~ _ IU523 c.~. . FILED f~`i~ i ;.::;;i~G~ < ROGER PUt~RH;>. Ek'r, ST. LUCIE CGt1hTY. FL. 6 x_-~ . . . ~t r . ~ : J~~~i , , ~ : . .s 1~ s:: ~ ~ . . . - • - • " ~ . . . . . . . . 4'' ~ s ; ~